Galliford Try (GFRD) Q2 2026 TU earnings summary

Executive summary

• Trading in H1 2026 is ahead of both the prior year and Board expectations, driven by strong market positioning and participation in national frameworks.

• Revenue and adjusted profit before tax for FY 2026 are now expected at the upper end or above current market expectations.

• Recent framework wins and a robust order book provide high visibility and confidence in future workload.

Financial highlights

• Revenue for FY 2026 is expected between £1,900m and £1,922m, with adjusted profit before tax between £46.8m and £47.7m.

• Average month-end cash for the 12 months to 31 Dec 2025 was £189.9m, up from £178.7m for the year to 30 Jun 2025.

• Period-end cash at 31 Dec 2025 was £211.7m, slightly up from £210.0m at 31 Dec 2024.

Outlook and guidance

• Full-year revenue and adjusted profit before tax are expected at or above the upper end of market expectations.

• Strong pipeline of medium and long-term opportunities, especially in public and regulated sectors.